We investigate the effect of labor unionization on industry-level takeover activity after negative economy-wide shocks …. Focusing on the 2008 financial crisis, we find that merger intensities drop significantly during the post-crisis period, though …

This paper examines whether and how increased entry threat drives industry merger activity. We use the reduction in … import tariffs as a natural experiment of exogenous increase in competitive intensity and study its effect on merger and … first document that increased entry threat intensifies takeover activity, consistent with the argument that M&As are an …